LR Group confirms its expansion trend in fiscal year 2021
Ahlen, April 29, 2022 – LR Global Holding GmbH, the European leader in virtual social promotion in the box of high-quality fitness and care products, today released its final and audited figures for fiscal year 2021, confirming the positive initial figures for the beyond-year report. According to those figures, the LR Group was able to increase its sales (merchandise revenue) by 4. 0% to 296. 2 million euros in the monetary year 2021 (beyond the year: 284. 9 million euros) and continue its expansion after an extremely strong beyond the year. All regions definitely contributed to the evolution of sales in 2021.
In addition, based on the latest figures, the LR Group achieved a normalized EBITDA of €41. 6 million in fiscal year 2021, compared to €42. 5 million in the same period last year. In addition, the company increased its EBITDA to €36. 8 million (last year: €36. 7 million). This was the maximum of the reported EBITDA direction of €33 million to €37 million for 2021.
“The LR Group has successfully evolved and further strengthened its market position in 2021. This is specifically reflected in the record sales achieved in 2021. Despite the tense situation in the shopping market, we were able to meet the increased demand for our products. We will continue to pay particular attention to the prospective monitoring of our stocks given the sectors concerned. On the product side, with the launch of the LR Soul of Nature brand, we have controlled the expansion of our portfolio to a selective diversity of must-have herbal perfume blends,” explained Dr. Andreas Laabs, CFO and CoO of LR Global Holding GmbH.
As another strategic initiative, LR continued to invest in digitizing its business style during the year being reviewed to meet the growing demand from younger target audiences. With the implementation of the LR Connect app and Report Creator, partners have virtual access to the latest LR data and hands-on tools. Internally, the new social intranet will allow painters to be even more informed and dialogue. Another focal point is the “Logistics 4. 0” project, which was presented in collaboration with the Theodor F Foundation. Leifeld. At the company’s headquarters in Ahlen, a new logistics center is being built with modern shipment generation and order picking. In this context, LR will further automate its logistics processes so that orders can be processed even faster in the future. Last December, the structure’s painting has been in full swing since early 2022 and is expected to be completed in October this year.
The 2021 Annual Report is available online today on the Company’s online page in https://ir. lrworld. com/.
LR’s purpose is the well-being and fitness of people with its portfolio of nutritional supplements and private care, with fitness accounting for nearly 65% and good looks accounting for 35% of our sales. products – from the force of nature in combination with the most recent clinical discoveries.
The aloe vera remedy is one of LR Health’s core competencies
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29. April 2022